Healthcare Industry News: Cook
News Release - February 8, 2007
Siemens Medical Solutions Settles Charges Regarding Cook County Hospital BidNEW YORK--(HSMN NewsFeed)--Siemens Medical Solutions USA, Inc. ("SMS") today announced that it has reached an agreement with the U.S. Attorney's Office for the Northern District of Illinois to settle allegations made in an indictment filed in January 2006. The agreement resolves all allegations made against SMS in the Indictment.
Under the agreement, SMS will plead guilty to a single federal criminal charge of obstruction of justice in connection with civil litigation that followed a competitive bid to provide radiology equipment to Cook County Hospital in 2001. In addition, SMS agreed to pay a fine of $1 million and restitution of approximately $1.5 million.
About Siemens Medical Solutions
Siemens Medical Solutions of Siemens AG (NYSE: SI ) is one of the world's largest suppliers to the healthcare industry. The company is known for bringing together innovative medical technologies, healthcare information systems, management consulting, and support services, to help customers achieve tangible, sustainable, clinical and financial outcomes. Recent acquisitions in the area of in-vitro diagnostics - such as Bayer Diagnostics and Diagnostic Products Corporation - mark a significant milestone for Siemens as it becomes the first full service diagnostics company. Employing approximately 41,000 people worldwide and operating in more than 130 countries, Siemens Medical Solutions reported sales of 8.23 billion EUR, orders of 9.33 billion EUR and group profit of 1.06 billion EUR for fiscal 2006. Further information can be found by visiting www.usa.siemens.com/medical-pressroom
Source: Siemens Medical Solutions
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